Formation Bio

Formation Bio

Associate Strategic Buyer

Boston, MA; New York, NY

Sponsorship not specified$101k-$133kDetected 22 days ago
SparkProject ManagementStakeholder ManagementProcess ImprovementProcurementResearchCommunicationOrganizational Skills

About the role

  • About Formation Bio Formation Bio is a tech and AI driven pharma company differentiated by radically more efficient drug development.
  • The company is backed by investors across pharma and tech, including a16z, Sequoia, Sanofi, Thrive Capital, John Doerr, Spark Capital, SV Angel Growth, and others.
  • You will play a critical role in transitioning core procurement workflows into Procurement and ensuring they operate smoothly as the company grows.

Responsibilities

  • Project manage a major P2P platform improvement initiative, owning workstream execution, cross-functional coordination, timeline management, and adoption tracking to ensure scalable and consistent procurement operations
  • Lead and project manage the transition of key procurement processes (e.g., vendor onboarding, intake management, PO request workflows) into the procurement function, including milestone tracking, stakeholder alignment, and change management.
  • Own day-to-day administration, configuration and incremental process improvement of the P2P platform (Zip), serving as the internal subject matter expert and primary point of contact for purchase requests.
  • Drive P2P platform adoption internally, ensuring compliance, process consistency, and ongoing optimization of procurement workflows
  • Partner with stakeholders across IT, G&A, Clinical, and other teams to ensure timely, compliant, and cost-effective purchasing, serving as a key liaison between business units and procurement.
  • Support supplier performance tracking and vendor relationships management across key spend areas, ensuring alignment with procurement policies and business requirements.
  • Maintain and continuously improve procurement documentation, playbooks, and SOPs to help drive procurement process consistency and operational scalability.
  • Track and report on key procurement KPIs including purchase order cycle times, P2P platform utilization, compliance rates, and cost savings to support data-driven process improvements
  • Strong project management and organizational skills, with the ability to manage multiple concurrent requests and priorities
  • Exposure to managing sourcing or RFP processes, with the ability to support or run structured vendor selection over time with guidance

Requirements

  • 3-5+ years of experience in procurement, purchasing, operations, project management, consulting, or a related field
  • Experience supporting procure-to-pay (P2P) processes such as purchase orders, vendor onboarding, or intake/workflow management, utilizing a P2P platform such as Zip, Coupa, etc.
  • Experience communicating and working with a variety of cross-functional stakeholders including up to the Executive level.

Nice to have

  • Experience implementing, managing or administering procurement tools (Zip experience strongly preferred)
  • Experience supporting or owning an indirect spend category such as IT, G&A, or professional services
  • Experience in a high-growth startup or scaling environment
  • Exposure to life sciences, biotech, pharma, or other regulated industries

Compensation

  • Individual compensation is determined by several factors, including role scope, geographic location, and skills & experience.
  • Your offer will reflect where you fall within the range based on these considerations.
  • In addition to base salary, we offer equity, comprehensive benefits, and generous perks.
  • If the posted range doesn't match your expectations, we still encourage you to apply!
  • Where We Hire Formation Bio is prioritizing hiring in key hubs, primarily the New York City and Boston metro areas, with a hybrid model requiring 3 days per week in office.
  • Applicants from the Research Triangle (NC) and San Francisco Bay Area may also be considered.

Benefits

  • Our Vision for AI in Pharma

Company info

  • Advancements in AI and drug discovery are creating more candidate drugs than the industry can progress because of the high cost and time of clinical trials.
  • Recognizing that this development bottleneck may ultimately limit the number of new medicines that can reach patients, Formation Bio, founded in 2016 as TrialSpark Inc., has built technology platforms, processes, and capabilities to accelerate all aspects of drug development and clinical trials.

Equal opportunity

  • Formation Bio is committed to building a diverse and inclusive team.
  • We are an equal opportunity employer and welcome candidates from all backgrounds.
  • All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, national origin, ancestry, sex (including pregnancy, childbirth, breastfeeding, and related medical conditions), gender identity or expression, sexual orientation, age, disability, genetic information, marital status, military or veteran status, or any other characteristic protected by federal, state, or local law.
  • Equal Opportunity Formation Bio is committed to building a diverse and inclusive team.
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